Cashaa Now Enables Use of Mastercard and Visa Credit Card/Debit Card for Crypto Purchases
Almost a month after launching a proprietary Business Banking Services, Cashaa has just announced another massive milestone in its services. From now, you can conveniently use Cashaa debit or credit card functionality to purchase BTC, ETH or CAS.
Cashaa, an Auxledger-powered banking p2p platform built on top of the Ethereum platform, mainly serves as an exchange, allowing one to trade fiat for crypto in real time. And with the rollout of the latest service, all individuals and businesses looking to buy crypto hassle-free using their cards have no real reason to worry anymore.
According to Cashaa, cost-cutting factors informed the decision to launch this service. Essentially, even though Bitgo and some other major wallets already provide similar services, many people’s major reason to avoid using them is because of their exorbitantly high markup fees on BTC.
And so, this multi-sig wallet is coming in with significantly slashed fees and a mission to allow crypto lovers to buy crypto with ease.
#Cashaa stands out again! We now enable our #personal and #business users to buy #crypto using #credit & #debit #card, with a highly competitive, transparent pricing and limits of up to 10,000 #EUR! https://t.co/oLYqnyXJcU Sign up and enjoy the easiest way to buy crypto now! #CAS
— Cashaa (@yourCashaa) April 22, 2019
To put that into perspective, Cashaa will charge a processing fee of 4% on European cards and 5% for non-European. Currently, the industry average stands at anywhere between 9% and 12%, a figure that rises further when markup is factored in.
The only fee that is added onto Cashaa’s card processing fee is a service charge of between 0.75% and 1.49% depending on the cardholder’s jurisdiction. It is way cheaper, more transparent and without any hidden charges, a factor that, coupled with the incredible €10,000 limit in payments, makes Cashaa way superior in every sense.
And though the team behind this multi-sig crypto wallet is still busy, working hard to release an API and Plugin solution, the new service has one downside. The new functionality is available to all personal and business account holders everywhere in the world, except the US.
Log in to your Cashaa account
For anyone with a personal account, the only available fiat denominations are GBP and EURO, albeit one can fund them in over 200 other currencies. There’s an app through which a user can choose the currency to fund and conveniently do so. To be part of this glamor, you can log in to your Cashaa wallet and start using it right away.